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Post by nbk on May 28, 2014 10:31:16 GMT
Looking at AI activity on my a/c reveals the following:- Nothing from 12 May (16.11) until 16 May (10.22) which is as it should be now. Between 10.22 and 16.54 on 16 May there were 7 incidents of "buying loan units", including 3 consequtive ones of BWT, but only the last BWT incident at 13.51 actually bought a loan unit. No activity since then. This is just for info as it obviously didn't go quite as smoothly as I thought it had. Yep - I have seen exactly the same activity on AI - May 21 / May 27 and twice today on May 28. Message is : "Buying loan units in 'xxx loan - xx.x% per annum - ' to value GBP xxx.xx". I have the funds in acct to cover the AI activity - but nothing happens, the message says AI is buying the loans but the transaction never actually materialises . Not sure what's going on.
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star dust
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Post by star dust on May 28, 2014 11:19:53 GMT
I have seventeen of these listed for different loans and different amounts over the last week, and it's bought nothing. It should read 'checking to see if possible to buy' or alternatively just not bother to put anything. Autoinvest has bought nothing for me for well over a fortnight, I am considering removing funds from my account rather than having them sitting there for weeks on end earning no interest on the off chance of picking something up.
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Post by westcountryfunder on May 28, 2014 11:45:13 GMT
I have seventeen of these listed for different loans and different amounts over the last week, and it's bought nothing. It should read 'checking to see if possible to buy' or alternatively just not bother to put anything. Autoinvest has bought nothing for me for well over a fortnight, I am considering removing funds from my account rather than having them sitting there for weeks on end earning no interest on the off chance of picking something up. I agree completely. Five times during the last few days, autoinvest purports to have bought loan units for me, but there is nothing on my statement and the units don't appear in my account either. No point in keeping money hanging around.
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acorn
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Post by acorn on May 28, 2014 12:01:24 GMT
I have 3 instances of this listed involving 3 different loans with no actual transactions taking place. Yesterday....21.12 Today.........09.33 09.34 I presume by the lack of comments that other people are seeing successful transactions, but perhaps there is still some background tweaking going on alongside the other changes that are being worked on. Would be useful to know if these events are random or following a pattern as I am reluctant to add more funds, particularly as most of last week's expected drawdowns didn't happen. I expect it will all start happening at the same time and I won't be able to get the money in fast enough  |
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oldgrumpy
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Post by oldgrumpy on May 28, 2014 12:03:16 GMT
AI has done very little for me. Partly this is because my switched on loan wants are less readily available anyway. Mainly it is because I will not put money to fester in my holding account specifically on the off chance something I want might come up on the aftermarket, and AI might let me have some of it. There's enough cash already festering because I covered some possible drawdowns while I was away three weeks ago which still have not materialised!! Before AI I did buy occasional units on the aftermarket if I was lucky enough to be logged in when they appeared. For those I did sometimes need to hurl the cash in via GCardless PDQ. Now, AI doesn't allow these to appear, as they are allocated immediately to someone who is prepared to have the cash sitting around.  NURSE!!!! MORE COFFEE!!! 
AND ANOTHER BANANA!!
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Post by westcountryfunder on May 28, 2014 15:01:39 GMT
AI has done very little for me. Partly this is because my switched on loan wants are less readily available anyway. Mainly it is because I will not put money to fester in my holding account specifically on the off chance something I want might come up on the aftermarket, and AI might let me have some of it. There's enough cash already festering because I covered some possible drawdowns while I was away three weeks ago which still have not materialised!! Before AI I did buy occasional units on the aftermarket if I was lucky enough to be logged in when they appeared. For those I did sometimes need to hurl the cash in via GCardless PDQ. Now, AI doesn't allow these to appear, as they are allocated immediately to someone who is prepared to have the cash sitting around. NURSE!!!! MORE COFFEE!!!
AND ANOTHER BANANA!!
It would be interesting to know how it is that someone is obtaining these loan parts. Several of us evidently have been leaving "the cash sitting around" but we don't succeed even though auto-invest says we have. So to whom are they "allocated immediately", or rather what are they doing differently?
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mikeb
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Post by mikeb on May 28, 2014 15:01:49 GMT
AI doesn't allow these to appear, as they are allocated immediately to someone who is prepared to have the cash sitting around.
Just leave £100 (and a banana) lying around, then that minimizes the dead money, right? Well, that's my strategy anyway. If the £100 gets swiped, top up.
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oldgrumpy
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Post by oldgrumpy on May 28, 2014 15:34:48 GMT
AI doesn't allow these to appear, as they are allocated immediately to someone who is prepared to have the cash sitting around.
Just leave £100 (and a banana) lying around, then that minimizes the dead money, right? Well, that's my strategy anyway. If the £100 gets swiped, top up. Yes - despite my rantings I do sometimes leave just a little in just in case. 
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Post by Ton ⓉⓞⓃ on May 28, 2014 20:35:12 GMT
AI doesn't allow these to appear, as they are allocated immediately to someone who is prepared to have the cash sitting around.
Just leave £100 (and a banana) lying around, then that minimizes the dead money, right? Well, that's my strategy anyway. If the £100 gets swiped, top up. I do exactly the same but I stopped leaving the banana as it went mouldy sorry OG. Having said that I don't think I'm getting any buys on AI as most of my mandates have been fulfilled. So in other words I'm only interested in a couple of hundred pounds of most old loans. With that in mind it makes most sense to use AI to buy loans which last for years rather than perhaps bridges. So that the 'dead-time' relative to the yield-time is small.
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Post by Ton ⓉⓞⓃ on May 28, 2014 20:47:12 GMT
Looking at AI activity on my a/c reveals the following:- Nothing from 12 May (16.11) until 16 May (10.22) which is as it should be now. Between 10.22 and 16.54 on 16 May there were 7 incidents of "buying loan units", including 3 consequtive ones of BWT, but only the last BWT incident at 13.51 actually bought a loan unit. No activity since then. This is just for info as it obviously didn't go quite as smoothly as I thought it had. Yep - I have seen exactly the same activity on AI - May 21 / May 27 and twice today on May 28. Message is : "Buying loan units in 'xxx loan - xx.x% per annum - ' to value GBP xxx.xx". I have the funds in acct to cover the AI activity - but nothing happens, the message says AI is buying the loans but the transaction never actually materialises . Not sure what's going on. I might be misunderstanding what you're saying; but I get that sort of message when the stock I'm looking for is available on the AM but the 'chunk size' is wrong. In other words my mandate is looking for the last £90 but it's a £100 unit on the AM. And I have £200 festering, so I can afford it. But because AC doesn't yet allow units to be broken up, nothing can happen. You might then ask, 'Why is AI trying to buy something it never can?' The point is, I think, that it may be allowed to break units to the size being asked for. I hope that makes sense. My guess could be wrong.
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mike
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Post by mike on May 28, 2014 21:13:11 GMT
I got similar messages today and yesterday. "Buying loan units in 'Kent Bridging Loan - 6 month loan - 1.25% per month - 70% loan to value' to value GBP 500".
My mandate was for £500, current holding £0 with available funds. Nothing happened though.
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Post by Ton ⓉⓞⓃ on May 28, 2014 21:48:14 GMT
I got similar messages today and yesterday. "Buying loan units in 'Kent Bridging Loan - 6 month loan - 1.25% per month - 70% loan to value' to value GBP 500". My mandate was for £500, current holding £0 with available funds. Nothing happened though. I think mike that is well worth asking chris what it means, and hopefully over the next few days, when he gets time, he'll explain. It looks like you're in the queue to buy, obviously, but it would be great/nice if it said, 'You are now tenth in the queue to buy Kent....' rather than what it is saying to you, which is a little confusing.
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Post by badger on May 29, 2014 10:51:56 GMT
For what it is worth: any time I've had funds available, AI has been pretty quick to allocate them - to the point that when I manually add several £k for a specific purpose I have had to switch AI off to prevent it from auto-investing away before I get to manually allocate the funds myself.
Any interest payments that arrive in my account, or completed loans that payout, are then also pretty quickly auto-invested too.
Perhaps my mandates, and overall loan criteria, are a bit different to the average AI user?
How do you switch AI off? Do you mean that you disable each mandate and then switch them back on afterwards? I've got 19 separate mandates and it would be a pain to disable them individually. I've asked if a global disable/enable could be provided, but as far as I can see it's not yet available.
I've also found AI pretty quick to allocate funds, including interest payments. It might take a week or two but that's much better than the month or several on the auction/drawdown path.
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acorn
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Post by acorn on May 29, 2014 12:11:55 GMT
Again for info:- Current holding in all 3 loans = 0 Mandates = £100 Available funds = £200+ Presumably any available units of £100 or less would be allocated against these mandates. It seems to come down to how the queue is managed ( a real dilemma for Chris & Co to solve) but it is disheartening to know that there are nibbles on the line but they don't lead to supper on the table, even though others on the beach appear to eat well regularly  . Some detail about how the queue rotates and how available units are allocated would be useful....it would certainly help to dispel the feeling of hopelessness that is building up. Is someone ahead of me in the queue with a large mandate going to sit there until their mandate is completely satisfied..... BTW, at the current rate of investment it will be about another 3 months before I have enough interest rolling over to re-invest £20 a month  I know Chris wants all investors to have equal access to the platform and find that commendable but certainly don't envy him the task!! I am really looking forward to being able to get investments working for me just a tad more quickly.... |
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baz657
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Post by baz657 on May 29, 2014 12:16:33 GMT
I've put in £100 a day for the last two or three days and it's got picked up at some point, although the latest one was for £99.17 - so much for the ease of using round figures . |
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. Some detail about how the queue rotates and how available units are allocated would be useful....it would certainly help to dispel the feeling of hopelessness that is building up. Is someone ahead of me in the queue with a large mandate going to sit there until their mandate is completely satisfied.....
